By Aaron Wood, CoinTelegraph; Compiler: Whitewater,

WithStablecoinsRegulatory issues heat up in the U.S. Senate, which lawmakers are personally investing inCryptocurrenciesand cryptocurrency companies are also becoming increasingly prominent.

On May 19, the Senate voted to pass the GENIUS Act, which will provide a regulatory framework for stablecoins. The bill passed 66 in favor and 32 against, with 16 Democrats supporting it.

Democrats' concerns about corruption and politicians' ties to cryptocurrency companies have sparked controversy over the bipartisan initiative. After the vote, Senator Michael Bennett of Colorado introduced the STABLE GENIUS Act. The bill would prohibit members of Congress from issuing or investingDigital currencyand require them to deposit their cryptocurrencies in a Blind Trust during their tenure.

Bills prohibiting members of Congress from investing in the companies they regulate have had little effect. However, parliamentarians are still required to disclose a rough estimate of the amount of investment they make, their spouses and their children. Here are 11 U.S. senators who have invested in cryptocurrency companies.

Montana

Tim Sheely (Republican)

Tim Sheehy, a newcomer to the Senate, is the first to secure election in the 2024 cycle. On the campaign trail, Shee compared himself to his opponent, former Senator Jon Tester, saying:"Cryptocurrencies represent the future of finance and the internet, as well as thousands of jobs in the United States."

Investments: Sheehy's investments range from $1,001 to $15,000 on the Intercontinental Exchange, which offers futures contracts on cryptocurrencies, according to a June 2024 filing.

Steve DaiNES, Republican

Steve Daines served in the U.S. Senate for 10 years, taking office in 2015. In recent years, he has become a supporter of the cryptocurrency industry, withBitcoinIndustry giants such as Michael Saylor, advocate and CEO of Strategy, have kept in close touch and received the Digital Future Award from the Cryptocurrency Innovation Council.

Daines (right) wins an award in the cryptocurrency industry. Source: Steve Daines

Investments: In a November 2024 filing, Daines reported that it sold shares in cryptocurrency-related exchange-traded funds (ETFs).

These ETFs include Valkyrie Bitcoin andEthereumStrategy ETF, Vaneck Bitcoin Strategy ETF, Proshares Bitcoin Strategy ETF, Bitwise Cryptocurrency Industry Innovator ETF, and Proshares Bitcoin Strategy ETF.

Nevada

Jackie Rosen, Democrat

Senator Jackie Rosen is currently serving her second term and was first elected to the Senate in the 2018 midterm elections. Her manifesto states,Blockchainand cryptocurrencies are "ushering in a new era of the digital economy," noting that Washington needs to put in place a solid legal framework to keep up with this development.

Investment: According to a July 24 filing, Rosen made an investment in PayPal. The payments giant first launched its stablecoin in April 2023.

Alaska

Dan Sullivan, Republican

Senator Dan Sullivan, who is currently in his second term, took office for the first time in January 2015. Although he is not as outspoken as other colleagues to talk about cryptocurrencies andBlockchain technology, but he is a co-sponsor of the GENIUS Act and supports a resolution co-sponsored with the House of Representatives to revise accounting standards for cryptocurrency companies.

Investment: According to an August 2024 filing, Sullivan hasBlackRock, which offers cryptocurrency-focused ETFs.

Oklahoma

Mark Wayne Mullin, Republican

Senator Mark Wayne Mullin was inaugurated in January 2023 after defeating Democrat Kendra Horn in the 2022 special election. Before taking office, Mullin had praised cryptocurrency as a potential retirement investment and said his state could be a cryptocurrency for BitcoinminerPreferential conditions are available. During his tenure in the Senate, he supported the GENIUS program as well as the repeal of Employee Accounting Bulletin (SAB) No. 121.

Investments: As of August 2024 filings, Mullin owns shares in ICE and BlackRock, while his wife owns shares in PayPal.

Alabama

Tommy Tuberville, Republican

Senator Tommy Tuberville currently serves in the U.S. Senate and was first elected in 2020. During his tenure, Tuberville publicly supported cryptocurrency.In 2025In April, he introduced a bill that would allow Americans to include cryptocurrencies in their retirement funds. He also publicly supported the creation of a Bitcoin reserve.

Investment: Tuberville made an investment in PayPal, according to a July 2024 filing.

Katie Britt, Republican

Senator Katie Britt was first elected to the Senate in the 2022 midterm elections. During the campaign, she accepted donations in the form of cryptocurrency from donors. In 2024, she advocated for "kicking Gensler out" of the SEC, saying the Biden administration was stifling innovation.

Investments: Britt's husband owns common stock in Block, a cryptocurrency-friendly payments company, according to a July 2024 filing.

Ohio

Bernie Moreno, Republican

Bernie Moreno is a newcomer to the Senate and will secure his seat in the 2024 federal election. During his campaign and in the Senate, Moreno has been calling for more favorable regulations for the industry. In January of this year, he supported Donald J.TrumpThe president nominated Paul Atkins for the chairmanship of the U.S. Securities and Exchange Commission on his "first day."

Investment: Moreno owns a stake worth $500,000 to $1 million in eToro, an online trading platform that offers crypto trading services, according to an August 2024 filing.

West Virginia

Shelley Capito, Republican

Senator Shelley Capito has served as a senator since 2015. During her tenure, she raised concerns about the potential use of cryptocurrencies for terrorist financing. Her voting record is crypto-friendly; She supports the GENIUS Act and the joint resolution to repeal SAB 121.

Investment: Her husband invested between $15,001 and $50,000 in BlackRock, according to May 2024 filings.

Pennsylvania

Dave McCormick, Republican

Senator Dave McCormick served in George W. Bush. W. Bush, who served as the Treasury Department's undersecretary for international affairs during his presidency, is preparing for his first senatorial term and will be elected in 2024. During the campaign, McCormick made a big push for Bitcoin in his stateMiningIndustry. Industry insiders such as Coinbase CEO Brian Armstrong have also publicly supported his stance in the cryptocurrency space.

Investment: The March 2025 document shows multiple purchases of the Bitwise Bitcoin ETF.

Rhode island

Sheldon Whitehouse, Democrat

Sheldon Whitehouse is a senior senator from the state who has served in Congress since 2011. Over the past few years, he has expressed concern about the energy consumption of bitcoin mining and the possibility of Russia using cryptocurrencies to evade US sanctions. He voted against the GENIUS Act and co-sponsored the Digital Asset Anti-Money Laundering Act of 2023, while "Stand With." CryptoThe group rated the bill as "very anti-crypto."

Investments: According to an August 2024 filing, Whitehouse has investments in Tesla, Block, and PayPal. All investment amounts are between $1,001 and $15,000.

This list is not exhaustive; Many of the companies in which legislators invest are subject to cryptocurrency price fluctuations and market effects. The list also does not include any members of the House of Representatives, which is also working on similar cryptocurrency regulations.

As cryptocurrencies become more mainstream, and potential barriers to congressional investment emerge and eventually fail to move forward, lawmakers may become more interested in investing in cryptocurrencies.